What is the latest news regarding Resolution Minerals (ASX:RML)?

Resolution Minerals (ASX:RML) has officially launched its 2026 drilling campaign at the Golden Gate Project in Idaho, USA.

Why is the 2026 drilling programme at Golden Gate significant for investors?

The programme aims to define the total scale and depth of both gold and tungsten mineralisation, which could lead to the company's maiden Mineral Resource Estimate (MRE) later this year.

What were the results of the recent gold metallurgy tests for RML?

Initial tests conducted by IMO Labs in Perth showed "high recoveries," which is a major green flag for the project’s future profitability. Specifically, leaching gold-bearing oxide samples returned 94–95% recovery, while sulphide samples returned 86–88% via flotation.

How does the Golden Gate project compare to its neighbours?

The project is located immediately adjacent to Perpetua Resources’ Stibnite Gold Project, which is a massive, recently permitted antimony-gold project. Being in the same geological "neighbourhood" as a multi-billion dollar asset adds significant credibility to RML’s exploration.

What is the current share price and market cap for Resolution Minerals (ASX:RML)?

As of May 15, 2026, the share price for RML on the ASX is approximately $0.063, representing a market capitalisation of roughly $145 million. The stock has seen significant volatility over the past year, trading between a low of $0.009 and a high of $0.15.

What are the key risks for RML investors after this announcement?

Despite the positive drill news, RML is considered a high-risk investment due to the speculative nature of mineral exploration. Key risks include "drill bit risk" (the possibility that future holes don't find high-grade ore) and funding risk, as the company may need to raise more capital to complete its large-scale programmes.

Resolution Minerals commences major Idaho drill programme

Written by Brie CarterPublished May. 15 2026

Resolution Minerals (ASX:RML) launched its 2026 drilling campaign at the Golden Gate Project, marking a milestone in the exploration of the Horse Heaven Antimony-Tungsten-Gold-Silver Project.

The company confirmed that an MP1500 diamond core drill rig has commenced operations, focusing on the first of approximately 45 planned holes.

The extensive programme, slated to cover up to 13,700m, aims to define the scale and depth of both gold and tungsten mineralisation across the Golden Gate and Golden Gate South targets.

The announcement comes on the back of encouraging initial metallurgical test work.

Samples processed by IMO Labs in Perth, Australia, revealed high recovery rates, with gold-bearing oxide samples yielding between 94% and 95% recovery through leaching.

Furthermore, floating gold-bearing sulphide samples returned recoveries of 86% to 88%.

The results suggest a highly efficient extraction process for the site’s composite drill core samples.

Located adjacent to Perpetua Resources’ large-scale Stibnite Gold Project, Golden Gate holds historical significance, particularly for tungsten, which was actively mined in the area until 1980.

Current drilling seeks to expand on previous successes, such as hole HH-GG25-001C, which yielded 189.2m @ 1.30 g/t Au.

At the time of reporting, Resolution Minerals’ share price was